Can anyone afford an NBA team?
Behind the Money
Topher Forhecz
4.4 • 350 Ratings
🗓️ 5 June 2024
⏱️ 25 minutes
🧾️ Download transcript
Summary
The 2024 NBA Playoffs are in full swing, but eyes are still on a team that was knocked out last week. The Minnesota Timberwolves are caught up in an ownership dispute that’s gone south pretty fast, after two prospective buyers attempted to finance their purchase of the team in an unconventional way. The FT’s US sports business correspondent Sara Germano breaks down how the deal came together, fell apart, and the can of worms it’s since opened about owning US sports teams.
Clips from Bleacher Report, FOX 9 Minneapolis-St. Paul, KARE 11, House of Highlights, The Dane Moore NBA Podcast
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For further reading:
The off-the-court fight for one of the NBA’s hottest teams
Private equity gears up for potential National Football League investments
Michael Jordan agrees to sell majority stake in NBA’s Charlotte Hornets
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On X, follow Sara Germano (@germanotes) and Saffeya Ahmed (@saffeya_ahmed).
Read a transcript of this episode on FT.com
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Transcript
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| 0:40.0 | If you've been watching the NBA playoffs this year, there's one team that not many people expected to make it as far as they did. Minnesota Timberwolves are historically |
| 0:42.8 | levable losers for lack of a better word. |
| 0:45.8 | That's the F.T's US sports business correspondent Sarah Germano. |
| 0:50.6 | She tells me that for decades the Minnesota Timberwolves have struggled in the regular season. |
| 0:55.0 | They've never won a championship and they've had countless player and coaching issues. |
| 1:00.0 | That has changed this season. That's it. |
| 1:04.0 | The Timberwolves complete the sweep. |
| 1:08.0 | They win a playoff series for the first time in 20 years Minnesota onto the second round. |
| 1:16.8 | They have a whole roster of stars in Anthony Edwards, |
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